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TFC Commodity Trading Forum

Re: Nine Buck Beans... *PIC*
In Response To: Re: Nine Buck Beans... *PIC* ()

Always a conundrum as to where to put stop loss. Stop loss should be used to get out just as it should be used as a limit to loss.

About the best I've come up with as far as stop loses go...after a correct entry.

Decide how much you wish to give back before you take profits.

Or...use some predetermined point on the chart...say...in this instance...937.50. Maybe go a few pennies below that???

Something like 935...dealers choice.

That was a pretty setup. Seems like the run was started a day latter than the end of the 161.25 time cycle.

Not bad...